Dangote acquires 24.7% stake in Kenya Pipeline Company after pension funds reject Sh9.50 offer
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Aliko Dangote has acquired a 24.7% stake in the Kenya Pipeline Company. The deal was finalized for a total of KSh42.5 billion. This purchase happened after pension schemes rejected a previous offer of Sh9.50 per share. The effective price for the acquisition was Sh9.36 per share.
Aliko Dangote secured a 24.7% share in Kenya Pipeline Company for KSh42.5 billion, finalising a deal at an effective Sh9.36 per share after pension schemes turned down a Sh9.50 offer.